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Business and sports can work together to great effect

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Sport can work with business to resolve divisions. Image: Photo by Stefan Lehner on Unsplash The Agenda Weekly A weekly update on the most important issues driving the global agenda Ari Libarikian, Belkis Vasquez-McCall and Homayoun Hatami How big is the sports business industry? The market size, measured by revenue, of the sports franchise industry will be $44.2 billion in 2023. What is the growth rate of the US sports franchise industry in 2023? The sports franchise industry market size is expected to increase by 2% in 2023. How big is the sports market in the US? The total revenue inRead News

Meta set to decide on Trump’s return to Facebook – FT

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January 1 (Reuters) – Facebook owner Meta Inc (META.O) is preparing to announce whether it will allow former US President Donald Trump back on Facebook and Instagram, the Financial Times reported on Sunday. The social media giant had previously said it will decide before January 7 whether the former president can return. However, that decision is now expected to be announced later this month, the newspaper said, citing a person familiar with the matter. Meta has set up a working group to focus on the issue, according to people with knowledge of its activities, the report said, adding that theRead News

SportiQuiz: 2022 Sports business in numbers!

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Sports sales and player salaries continued to grow in 2022, as data fell in both directions. Meanwhile, stock prices fell across the board as last year’s earnings, particularly in publicly traded sportsbooks, were wiped out by the bear market. Try your hand at our SportiQuiz below, where we have gathered 30 of the most popular sports business numbers of the past 12 months to test your knowledge of the business. For each question, choose the number that you think is the higher of the two questions. To read more about these big stories of the year, click on the linksRead News

Travel rises to pre-pandemic levels

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If you’ve taken a summer or fall trip this year, you’ve probably asked, “Is travel back to pre-pandemic levels?” In most cases, the short answer is “yes.” It is easy to see that most destinations are busier than in 2020 and 2021. MADRID, SPAIN – OCTOBER 28: Several passengers with suitcases at Puerta de Atocha station on October 28, … [+] 2022 in Madrid, Spain. With the upcoming All Hallows’ Day long weekend, train ticket purchases jumped 124% compared to sales recorded on the Trainline platform, thanks to an increase in new liberalized lines where new low-cost brands are alreadyRead News

Why travel and hospitality industries need business travel to generate returns

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A return to normalcy for business travel means positive impacts for hotels and their bottom line. Getty Images Business travel seems to be making a comeback. More people are flying to off-site meetings and events, for example. And now the Intercontinental Hotels Group, the parent company of Holiday Inn, says its revenue from corporate bookings has returned to pre-pandemic levels. The industry is eager to see business travel return to something close to normal. A comeback could mean a lot for the travel and hospitality industries. On the one hand, business travelers tend to spend more than tourists. “That’s notRead News

2022 hotel business travel revenue forecast to be within 1% of 2019 levels

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The income from travel of American hotels is projected to end in 2022 14% above 2019, but the income from the hotel business should come within 1% of the 2019 level, which is about with a new study released this month (Oct. 2022) by the American Hotel &amp. ; Lodging Association (AHLA) and Kalibri Labs. The rates are no longer adjusted for inflation, and the hotel’s revenue recovery may take several years. Post-epidemic recovery remains uneven, especially in large cities and areas where travel is still delayed. Among the top 50 U.S. markets, 80% expect to see revenue from hotelRead News

Robert Kraft, The Peloton And The NWSL: This Week’s Most Interesting Sports Business Stories

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New England Patriots chairman and CEO Robert Kraft talks about James White’s career during his retirement press conference. In this week’s SportsMoney Playbook: the NBA’s highest-paid players, New Jersey’s betting battle with New York and the bottom of the Peloton. Plus: the ex-NFL player who helps athletes invest in VC firms. Sports Business With the arrival of mobile betting in New York, New Jersey has seen a double-digit drop in monthly sports betting revenue. Now, as fears mount that a casino will be built in Manhattan, local real estate developers and racetrack entrepreneurs are reviving a years-long push to bringRead News

The four best books about business from sports professionals

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It sure is a great time of year for sports fans, right? Between the baseball playoffs (go Dodgers!), the start of the NBA season, and college football, fall is sports fans’ favorite time of year, even if rooting for your team is sometimes futile. But what’s not in vain is the fact that some of the best business advice you’ll ever get comes from the world of professional athletics. Being the business book writer that I am, I’m naturally drawn to other books and writers in this genre. Perhaps surprisingly, some of my favorite business books come from the worldRead News

OHIO’s Master of Sports Administration program is ranked 2nd in the world by SportBusiness

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The Ohio University Master of Sports Administration program was named the second best postgraduate sports management degree in the world for 2022 by SportBusiness, a global intelligence service that provides news, analysis, data, advice and events that provide competitive advantage for executives in the sports business. Founded in 1966, OHIO’s Master of Sports Administration degree is the oldest sports management degree in the world and prepares students for various roles in the sports industry. Students complete a full-time, two-year program that is combined with an MBA program in the College of Business. The College of Business also offers students opportunitiesRead News

Daveed Cohen, NBA Agent For Young Money APAA Sports wants to help others break into the industry

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Daveed Cohen wants the sports agency industry to improve in the areas of diversity and inclusion. No one would expect a child from Brazil, adopted by a family and raised in Sante Fe, New Mexico, to become vice president of basketball operations and brand partnerships for Young Money APAA Sports. The sports agency was co-founded by Grammy Award-winning CEO of Young Money Entertainment Dwayne “Lil Wayne” Carter and Adie Von Gontard, whose great-grandfather founded Anheuser-Busch and whose grandfather owned the St. Louis Cardinals. However, to the amazement of those unfamiliar with Daveed Cohen’s journey, he actually lived up to hisRead News

The UCLA Anderson School of Management will host the Global Sports Business Forum

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Center for Media, Entertainment & The games will showcase the strength of the sports community in Los Angeles and beyond , /PRNewswire/ — On October 21, the Center for Media, Entertainment & Sports at the UCLA Anderson School of Management will host UCLA’s first annual Global Sports Business Forum in the historic Pauley Pavilion on the UCLA campus. Featuring decision makers from media platforms, sports teams and leagues, and innovators from global technology and product companies, the day-long conference will focus on the proliferation of business opportunities across sports environment. The event will explore the innovations and consumer trends thatRead News

American Express Travel is the go-to spot for some millennial travelers

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A majority of American Express’s new customers — 60 percent — in the second quarter were Generation Z and Millennials, a stat that stood out at its subsidiary American Express Travel. “Their mindset around travel with a cultural impact helps us shape what we do,” Audrey Hendley, president of American Express Travel, told Skift last week. American Express Travel, the leisure travel company that handles cardholders’ vacations and pleasure trips, became the seventh largest travel agency in the US in 2021, surpassing Flight Center and Internova. That ranking comes from Travel Weekly’s 2022 Power List, which put American Express TravelRead News

Appointment of New Member of the US APEC Business Advisory Council – US Department of State

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The United States welcomes the appointment of Ginger Lew, CEO of Three Oaks Investments LLC, to the Business Advisory Council (ABAC) of the Asia-Pacific Economic Cooperation (APEC). Ms. Lew and her ABAC counterparts from other APEC economies will advise APEC leaders on issues affecting the continued growth of the region’s economy. In this role, Ms. Lew will provide recommendations that reflect the perspective of US stakeholders. ABAC, created in 1995, is comprised of up to three business representatives from each APEC economy and is a key component of APEC’s multi-stakeholder approach to trade and economic policies. ABAC meets throughout theRead News

SPURS SPORTS & ENTERTAINMENT ANNOUNCES EXECUTIVE LEADERSHIP PROMOTIONS

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SAN ANTONIO (October 3, 2022) – Spurs Sports & Entertainment (SS&E) today announced five leadership promotions, elevating Casey Heverling, Brandon James, Becky Kimbro, Joe Loomis and Tim Salier to senior vice president positions within the organization. Heverling is promoted to senior vice president of facilities and general manager, James senior vice president of strategic growth and assistant general counsel, Kimbro senior vice president of brand engagement, Loomis senior vice president of finance, Technology and Culinary Operations, and Salier Senior Vice President of Business Development and President of Business Operations for Austin Spurs. These executives have nearly 50 years of combinedRead News

Navy Price Fighters Develop Additive Manufacturing Cost, Time Model

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The NPF was asked in October 2016 to develop a means to determine a business case for Additive Manufacturing. She reviewed many articles, industry publications, and Department of Defense guidance regarding AM and discovered that there was no consistent way to determine a business case for AM. & # xD; “Although AM has been around for a while, it is still relatively new to the Department of Defense and the Navy,” said William Peterson, NAVSUP WSS NPF Operations Research Analyst and AMCAT Team Lead. “There is a lot of information out there about where additive manufacturing can best be usedRead News

Looking for Visible Recovery in Corporate Travel

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The only narrative about the rebound in pandemic travel, which remains largely disputed about two and a half years later, fueling forecasts from all sides, is a return to business travel. Like an avalanche of new predictions at the end of the summer of a full recovery of the company – again with no real consensus – the story has received a lot of attention that Google, once a giant sending people on the way, like Google has somewhat limited travel budgets that it has only called ‘key to business “travels. For those doubting business travel, this was another proofRead News

Expedia CEO: “Business travel is back,” as I’ve been predicting all along during the Covid pandemic

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Expedia CEO Peter Kern told CNBC on Monday that business travelers are back. In the dark times of the Covid pandemic at the end of 2020, he announced that they would be back and that day has come. “You’re here in Seattle. And I travel all the time. So, I think business travel is back. I’ve said from the beginning that business travel is going to come back. We’re seeing it everywhere,” Kern said. with Jim Cramer, who was in Expedia’s hometown for “Mad Money.” Fast forward to today and it did, Kern said. “People are traveling like crazy. IfRead News

Google’s disruption to Employee Travel is yet another setback for the Transportation recovery

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Business travel has not recovered as quickly as leisure travel. Google has told its senior managers to limit employee travel to only “business-critical” trips, according to a leaked internal email seen by The Information. No more off-site team or social functions, and no more in-person meetings when a virtual option is available. Going forward, Google executives were told, there will be a “high bar” for what is now considered critical. Last month, Microsoft asked employees to cut back on business travel and company events in an effort to keep costs under control, The Wall Street Journal reported. Taken alone, theseRead News

2022 US SD-WAN Enterprise Survey Report: 2021 US SD-WAN Survey Analysis of SD-WAN Preferences Among Different Business Sizes – ResearchAndMarkets.com

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DUBLIN – (BUSINESS WIRE) – The “US SD-WAN Business Survey: Adoption Trends by Business Size” report has been added to the ResearchAndMarkets.com offering. This report provides a detailed analysis of the 2021 US SD-WAN survey conducted across different business dimensions on their preferences for SD-WAN. Respondents are C-suite and IT / network decision makers from various business sizes, including small businesses (250 to 499 employees), medium-sized enterprises (500 to 999 employees), large enterprises (1,000 to 4,999 employees) employees) and very large companies (5,000 and more employees) spreading across verticals such as financial services, healthcare, retail, government, technology, and manufacturing. TheRead News

Alumni Spotlight: Ben Van Maren | College of Science

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Ben Van Maren, a native of Tucson and a 2017 graduate of the University of Arizona, studied Molecular and Cellular Biology as an undergraduate in the College of Science. Now a medical student in the College of Medicine here at UArizona, Van Maren credits much of his success today to his mentors and the opportunities he had as a student at MCB. Van Maren spoke with the College of Science to look back on his time as an undergraduate and what he has been up to since graduating. Ben Van Maren Current job title/position: Medical student at the University ofRead News

Travel Is Back: How DFW Airlines and Hoteliers Keep Up with Trends – and Demand

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If you’ve been to an airport lately, you’ve seen the impact of pent-up travel demand. Let’s be honest. We’ve been isolated for more than two years and we’ve had enough. Deloitte provided data on this in a May report entitled “Getting Back to Getaways”. Even as the pandemic continues to experience bouts of stops and starts, many leisure travelers have decided the level of risk is acceptable. The Deloitte study found that nearly half of Americans were planning a summer trip that involved stays in hotels or other types of paid accommodation. More than health concerns, financial worries were citedRead News

Rate of Improvement: 3 ways to help manage travel expenses

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The headlines are filled with stories of rising energy prices, labor pressures and pockets of geopolitical unrest. There is a great deal to be positive about the return of travel and dating in person but the uncertainty does not make it easy to plan and manage spending. Here are some insights from the CWT GBTA 2023 Global Business Travel Forecast to help you get the most value from business travel. The long view A higher interest rate window helps you take advantage of the upfront purchase price, which can save you money when rates increase. Making reservations as early asRead News

Study: Disturbance Frustration threatens travel intentions

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Many of this year’s business travelers have been affected by flight delays, cancellations and other problems that have plagued airlines around the world, according to a new survey by travel management company Egencia. Half said they would rather cancel future trips than do more. disruption. Labor issues and supply chain problems, among other issues, have slowed airlines around the world, causing delays and cancellations and, in Europe, airport capacity and even sales restrictions. About 73 percent of the 750 business travelers each from the United States, the United Kingdom and France who travel at least three times a year forRead News

Amadeus partners with Aimendo to improve efficiency for travel advisors

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Amadeus announced a new partnership with Aimenda to automate various forms of written communication through artificial intelligence, machine learning and natural language processing. Aimend’s natural language automation is integrated into the Amadeus ecosystem through Amadeus Web Services, as well as the agency’s current system for executing specific actions to improve the efficiency of business travel agencies. In addition to automating everything from email to chat and text messages, more complex requests can be automatically routed to the right person, line or department. Travel agencies retain full control over what to automate based on their specific configuration, even as Aimendo’s requestRead News

Business travel spending may not return to pre-pandemic levels until 2026

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Illuminated tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty Images Spending on business travel may not recover to pre-pandemic levels until sometime in 2026 – two years later than previously expected – as inflation, the lack of ‘workers and geopolitical issues will slow the sector’s rebound, according to a new industry forecast. Spending by business travelers, a key source of revenue for airlines and hotels, some of the hardest hit industries in the pandemic, has been on the rise this year. Worldwide spending is expected to increase nearly 34%Read News

Bleisure Travel is back in business | By Mandeep S Lamba and Dipti Mohan

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With the continued resurgence in corporate travel, the concept of long-haul travel, also known as hybrid travel, is gaining popularity again. Before the outbreak, bleisure was primarily a millennial trend; however, as flexible work arrangements and telecommuting have gained acceptance, comfort has become more common and acceptable among age groups and among professionals from different industries. As a result, the global tourism market, which accounts for 30%-35% of the global business travel market, is expected to reach USD 497.5 billion by 2022 and will grow at a 19.5% CAGR over the next decade. the following. As the name suggests, bleisureRead News

Wheels Up: ‘Steady Pickup’ at Q2 Corp. Travel

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Private airline Wheels Up reported record second-quarter earnings, thanks to strong demand and a “strong product market fit across our platforms”, including a “good start” to the company’s recent acquisition of Air Partners, CEO Kenny Dichter said over the weekend. Thursday’s earnings call. While the company noted continued recreational demand, it’s also seeing a “steady pick-up in business and corporate travel,” said Wheels Up CFO Todd Smith. “When I look outside and think about what’s out there, travel managers and what people are saying [for] fall, I think we see a lot of enthusiasm about people traveling on business,” DichterRead News

High Tech students seek to change the social paradigm of environmental problems with a children’s book

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Roxy Hreb and Zach Fieldman were attending High Tech High School when they got the idea for their new self-published book, “Eco the Elephant Saves the Jungle.” Hreb, a resident of Jersey City, and Fieldman, a resident of Hoboken, hope that their new children’s book will make children more aware of climate change. The main message is about action, recognizing a problem, and learning how to solve it. “By changing the social paradigms surrounding environmental issues starting from an early age, we hope to make a more widespread change through the lessons shown in Eco le Elephant, ” said theRead News

What Works: Colorado sees an increase in business closures while new business creations are flat

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Denver’s lowest-paid workers are getting a 9% raise on Jan. 1. When it takes effect, the city’s $17.29 minimum wage will be one of the highest in the country — higher than Los Angeles, San Francisco, Washington, D.C., New York City and Chicago. But a little more about the minimum. The Colorado Secretary of State’s office this week shared the latest quarterly information on how the state’s small businesses are doing. It’s mixed, said Secretary of State Jena Griswold. Job growth remains strong, but the number of companies that do not submit regular reports or default on debt has increased.Read News